Housing costs in Los Angeles?
A typical home costs
$674,300, which is 99.4% more expensive than the national average of
$338,100 and 8.1% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,210 per month, which is 2.8% more than the national average of
$2,150 and 4.1% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90012), California, a minimum annual income of
$129,240 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90012 Los Angeles, CA is high compared to other areas of the country. The median home value for the area is $576,700 and rents are typically around $2,100 per month. Additionally, basic necessities such as groceries and healthcare can be quite expensive. Residents need to factor these costs into their budget when considering living in this part of Los Angeles. However, there are also many advantages to living in this area including access to great cultural attractions, shopping, and dining options.